# TB Alternative Assets

TB Alternative Assets is an Asset Manager based in Grand Cayman, Japan.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Grand Cayman, Japan
- **Region:** Asia
- **Address:** Tokyo, Japan
- **Assets under management:** Undisclosed
- **Website:** tbalternative.co.jp

## Regulatory record

- **CRD number:** 162014
- **SEC file number:** 801-100451
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162014

## About

TB Alternative Assets Ltd. is an SEC-registered investment adviser in Grand Cayman, registered since 2015. The firm manages approximately $708 million in assets. It has 14 employees and 8 investment advisers.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Venture Capital

## People

- Hideyuki Takano — Representative Director

## Questions

### What is TB Alternative Assets' core mandate?

The firm structures and manages global alternative asset portfolios for Japanese institutional investors, including pensions and insurers, seeking exposure beyond domestic fixed income and equities. Its mandate covers direct investments, fund commitments, and co-investments across private equity, real estate, infrastructure, and venture capital.

### How does TB Alternative Assets source its investment opportunities?

The firm relies on direct relationships with general partners in North America, Europe, and selective Asian markets. Rather than investing through fund-of-funds or intermediaries, it negotiates managed accounts and co-investment rights directly with sponsors such as Ares Management and Blackstone, seeking fee-efficient, customized exposure for its Japanese client base.

### Which investor types does TB Alternative Assets serve?

The firm serves Japanese institutional investors, including corporate pension funds, financial institutions, and select high-net-worth individuals, who seek direct exposure to global alternative assets but lack the internal teams or networks to source and diligence those opportunities independently.

### Does TB Alternative Assets make direct investments or only fund commitments?

TB Alternative Assets uses both approaches. It commits to primary funds managed by global sponsors and invests directly in co-investment transactions alongside those sponsors. The balance depends on client mandates, with a typical objective being to increase direct co-investment exposure over time to reduce blended fees.

## Related profiles

- [Gemini Israel Funds](https://altss.com/profile/gemini-israel-funds-iv-ltd)

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Last updated: 2026-06-03T20:00:00.000Z

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